Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $375 per day, based on similar listings in the area. Estimated short-term cap rate of 1.7%. Exceptional Triplex on Davis Islands. First time offered. This expansive two-story duplex features two well-appointed 2-bedroom, 1-bath apartments, each offering 1,300 sq. ft. of living space. Additionally, there is a separate building that includes a charming studio apartment. The upstairs unit is ideally suited for an owner-occupied residence. OR a condo-conversion. The property boasts an on-site laundry room and an attached two-car covered carport. With hardwood and terrazzo/tile flooring throughout and central air conditioning, this solid concrete building has maintained a 100% occupancy rate for over 30 years, although the current rents are below market value, presenting a significant opportunity for value enhancement. The existing tenants are on month-to-month leases, with one unit currently occupied and two units vacant, allowing for immediate remodeling or resetting. Please note there was water intrusion from Hurricane Helene in the first-floor units. This property represents an excellent opportunity to customize as a rental investment or primary residence. The zoning is RM-24, and the lot size measures 63 x 100.
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $12605 |
Bedrooms | 4 |
Bathrooms | 3 |
SQFT | 3,459 |
Furnished | N/A |
Year built | 1952 |
Listing Status | Off Market |
MLS | TB8311892 |
